UAE introduces 9% corporate tax rate
On 31 January 2022, the United Arab Emirates (UAE) Ministry of Finance (MoF) announced the introduction of a Corporate tax (CT) in the UAE that will be effective for financial years starting on or after 1 June 2023. The new regime, which is
See MoreUAE: FTA extends re-determination of administrative penalties
On 24 January 2022, the Federal Tax Authority (FTA) has called on tax registrants to benefit from the Cabinet Decision to extend the grace period to benefit from the re-determination of administrative penalties on violating tax laws until
See MoreUAE publishes guidance on mutual agreement procedure
The Ministry of Finance (MoF) of the United Arab Emirates (UAE) has published guidance on the mutual agreement procedure (MAP), which provides a dispute resolution procedure to resolve tax treaty related disputes. MAP is designed to relieve
See MoreUAE amends provisions of tax penalties
On 28 April 2021, the United Arab Emirates (UAE) Cabinet of Ministers issued Resolution No. 49/2021, which amends Cabinet Resolution No. 40/2017 in relation to administrative penalties for the violation of tax laws in the UAE. Cabinet Resolution
See MoreUAE publishes new guidance on CbC reporting
On 2 November 2020, the Ministry of Finance of the United Arab Emirates (UAE) conducted a sessions on Cabinet Resolution No. 44 of 2020 with respect to the country-by-country (CbC) reporting requirements for multinational enterprise (MNE)
See MoreUkraine signs amending protocol to DTA with UAE
On 24 July 2019, the Cabinet of Ukraine approved to sign an amending protocol to the Double Taxation Agreement (DTA) with United Arab Emirates (UAE). The provisions of the draft protocol fully comply with the requirements with the Organization for
See MoreIMF report comments on the economy of the United Arab Emirates
On 30 September 2018 the IMF published a report following consultations with the United Arab Emirates under Article IV of the IMF’s articles of agreement. The IMF expects economic growth to strengthen in the next few years supported by higher oil
See MoreUAE signs MLI to implement tax treaty regarding BEPS measures
The UAE Ambassador to Peru, Mohammad Yousef Al Awadi, has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS). The signing took place at the 5th plenary meeting of the
See MoreUAE: New deadline for registration extended till April 30
The Federal Tax Authority (FTA) has made an announcement to advise businesses to take benefit from the FTA decision to waive administrative penalties for businesses until April 30, 2018, clarifying that the decision only covers late registration
See MoreUAE: Cabinet approves DTA with Croatia
The Cabinet of United Arab Emirates has approved the income tax agreement on January 7, 2018, with Croatia for the avoidance of double taxation and the prevention of fiscal
See MoreUAE: Cabinet approves DTA with Moldova
The Cabinet of United Arab Emirates has approved the income tax agreement on January 7, 2018, with Moldova for the avoidance of double taxation and the prevention of fiscal
See MoreGulf Cooperation Council: Saudi Arabia and UAE to implement VAT
Saudi Arabia and the United Arab Emirates (UAE) are to introduce value added tax (VAT) from 1 January 2018 at a rate of 5%. Their new VAT systems will be in line with the terms of the Gulf Cooperation Council (GCC) Unified VAT Agreement. Four other
See MoreUAE: Prime Minister signs VAT Executive Regulation
The Finance Ministry, announced on November 27, 2017, that Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, signed the Executive Regulation regarding the Federal Decree-Law No. (8) of 2017 on
See MoreUAE: MoF announces Executive Regulation for VAT
The Finance Ministry (MoF) announced the Executive Regulation for the Federal Decree-Law No. (8) of 2017 regarding Value Added Tax (VAT) at a Cabinet meeting on November 7, 2017, directed by the Vice President and Prime Minister of the UAE, Sheikh
See MoreUAE: DTA signs with Rwanda
An Income Tax Agreement was signed on November 1, 2017, between United Arab Emirates (UAE) and Rwanda for the avoidance of double taxation and the prevention of fiscal evasion. This agreement will enter into force after the ratification instruments
See MoreDTA between Jersey and UAE came into force
On 15 February 2017, the Double Taxation Agreement (DTA) between Jersey and United Arab Emirates was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 0%, Interest rate 0%, Royalties rate
See MoreUAE: MoF still works with VAT regulations
The Ministry of Finance is still in the process of preparing the executive VAT regulation, in coordination with the concerned authorities. The Finance Ministry is committed to working with the highest levels of transparency and disclosure
See MoreUAE: DTA signs with Maldives
The Maldives and United Arab Emirates (UAE) have a long history of bilateral ties, based on friendship, common understanding and mutual benefits for the progress and prosperity of both countries and peoples. An Agreement was signed on October 17,
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